Private corrections firms have an incentive to buy goods and services at the lowest possible price because of the profit motive.

Name: Private corrections firms have an incentive to buy goods and services at the lowest possible price because of the profit motive.
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Question

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Private corrections firms, like any for-profit business, aim to maximize profits, which often involves minimizing costs, including the costs of goods and services they purchase.

Private Corrections Firms Have an Incentive to Buy Goods and Services